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Radar · Blockchain Technology in Ho Chi Minh City

Best Blockchain Technology Companies in Ho Chi Minh City, Vietnam

The 53 best Blockchain Technology companies in Ho Chi Minh City, Vietnam in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Axie Infinity.

53companies tracked
$185.9Mdisclosed funding
1unicorns
14have raised
FLIAR INTELLIGENCE · BLOCKCHAIN TECHNOLOGY × HO CHI MINH CITY

Our analysis of 247 Blockchain Technology companies

$15.7b in tracked funding; 95% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.

247companies analysed
95%cloud-native stacks
2024funding peak (by rounds)
20unicorns
2021median founding year

Ranked: Best Blockchain Technology companies in Ho Chi Minh City

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1Axie Infinity 🦄
Developer of a decentralized strategy-based gaming platform
$161M68 mo agoFunding RaisedAleksander Leonard Larsen
Co-Founder and Chief Operating Officer
2018SubstackSentryZendesk+18—
2Ark Rivals
Provider of a sci-fi action strategy NFT game
$4M52 mo agoFunding RaisedNghia Do
CEO
2022——
3Ninety Eight
Ninety Eight
$4M59 mo agoFunding RaisedThanh Le
Founder
2017——
4Orbitau
Provider of NFT-based role-playing game
$3M52 mo agoDeadpooledMinh Nguyen
CEO
2021——
5Shibafriend
App-based platform for NFT metaverse and games
$3M48 mo agoFunding RaisedAlan Yeap
CEO
2014——
6AshSwap
Decentralized exchange platform built on Elrond
$2M44 mo agoSeedNghia Nguyen
Co-Founder & CEO
2021SentryNode.jsRadix UI+13—
7Thetan Arena
Developer of an eSports game with blockchain technology and NFTs
$2M58 mo agoFunding RaisedHoang So
Co-Founder
2021SentryThree.jsstyled-components+13—
8TankWars
Developer of play-to-earn battle metaverse game
$2M53 mo agoSeedPaul Nguyen
Co-Founder
2021——
9Luna Rush
Provider of NFT-based role-playing game
$2M54 mo agoSeedNgo Thai
Co-Founder & CEO
2021——
10Duelist King
Developer of PC and console-based NFT card games
$1M56 mo agoAcqui-HiredDzung Tran
Co-Founder & CEO
2021——
11BSCS
Decentralized finance infrastructure platform
$885K22 mo agoSeedTuan Luong
Co-Founder & CEO
2019BootstrapAnt DesignReact+11—

Top 12 Blockchain Technology companies in Ho Chi Minh City

#1
Seed · Ho Chi Minh City, Ho Chi Minh City · founded 2019
$885Kraised
▾

Decentralized finance infrastructure platform. It allows users to earn BSCS while supporting BSCS. It offers staking for IDO and provide a range of products and services.

Funding rounds
  • Aug 2024Seed—
  • Apr 2021ICO$885K
Founders & team
Tuan LuongCo-Founder & CEO
Investors
K300 Ventures, BitValue Capital, Extrawatts, Basics Capital, Hello Candy, BD Ventures
#2
Funding Raised · Ho Chi Minh City, Southeast · founded 2018 · 303 employees
$161Mraised
▾

Developer of a decentralized strategy-based gaming platform. It provides users with a platform where users can buy virtual plots that can be upgraded over time using a variety of resources and crafting ingredients that can be founded when playing the game. Users can also sell the plots in the marketplace.

Funding rounds
  • Nov 2020ICO$3M
Founders & team
Aleksander Leonard LarsenCo-Founder and Chief Operating OfficerTrung NguyenCo-Founder & CEO
Investors
Ascend Vietnam Ventures, Buks Capital, KNC Ventures, B3V, AU21 Capital, Konvoy Ventures
Tech stack
Animate.CssCdnjsCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCore-Js
#3
Seed · Ho Chi Minh City, Southeast · founded 2021
$2.5Mraised
▾

Decentralized exchange platform built on Elrond. It is a decentralized AMM following the stable-swap model built on the Elrond blockchain. It allows users to trade between stablecoins and stable-swap exchanges.

Funding rounds
  • Oct 2022ICO$2.8M
  • Oct 2022Seed$2.5M
Founders & team
Nghia NguyenCo-Founder & CEOHieu PhanFounder & Cto
Investors
MultiversX, Morningstar Ventures, Istari Vision, Skynet EGLD Capital, SL2 Capital
#4
Funding Raised · Ho Chi Minh City, Southeast · founded 2014
$2.7Mraised
▾

App-based platform for NFT metaverse and games. The company offers a platform to create and buy NFTs. It also provides a marketplace for games and NFT building.

Funding rounds
  • Jun 2022ICO$2.7M
Founders & team
Alan YeapCEO
Investors
HYPE
#5
Funding Raised · Ho Chi Minh City, Ho Chi Minh City · founded 2022
$4.2Mraised
▾

Provider of a sci-fi action strategy NFT game. Ark Rivals is a sci-fi action strategy NFT game that is fully based on user-generated content where players can create their own commanders, ships, and squadrons to attack the enemy's base for resources. The game features an epic action combat strategy and players can attack enemy Arks to free enslaved citizens and enrich resources.

Funding rounds
  • Feb 2022ICO$4.2M
Founders & team
Nghia DoCEO
#6
Deadpooled · Ho Chi Minh City, Southeast · founded 2021
$3.3Mraised
▾

Provider of NFT-based role-playing game. It offers "Orbitau - Seven Deadly Sins", a fantasy game with role-playing and turn-based strategy gameplay where players can participate and earn rewards. The game is available for iOS and Android platforms.

Funding rounds
  • Feb 2022ICO$3.6M
  • Dec 2021Seed$3.3M
Founders & team
Minh NguyenCEO
Investors
Lavender, Coincu Ventures, DEO Network, RADA, HUB Global, NGC Ventures
#7
Seed · Ho Chi Minh City, Southeast · founded 2021 · 14 employees
$2.4Mraised
▾

Developer of play-to-earn battle metaverse game. It offers a blockchain technology-based game with the genre of action tank battles. It allows players to explore the game world, collect gaming items, participate in battles with other players, raid, and use earn by trading and staking NFT.

Funding rounds
  • Jan 2022ICO$2.9M
  • Jan 2022Seed$2.4M
Founders & team
Paul NguyenCo-FounderPete HoCo-Founder
Investors
Fantom, Jsquare, DFG, Newave Capital, HyperChain, Prometeus
#8
Funding Raised · Ho Chi Minh City, Ho Chi Minh City · founded 2017
$3.8Mraised
▾

We found and fund blockchain companies that make Web3 accessible for everyone. Ninety Eight is an ecosystem of innovation companies with a shared mission to enable and empower human potential.

Funding rounds
  • Jul 2021ICO$3.8M
Founders & team
Thanh LeFounderVinh NguyenCo-Founder & CEO
#9
Seed · Ho Chi Minh City, Southeast · founded 2021
$1.9Mraised
▾

Provider of NFT-based role-playing game. Luna Rush is a multiplayer role-playing NFT game that lets the players engage in the combat arena in PvP mode and earn rewards in the form of NFT tokens to trade in the marketplace. The game is available for iOS and Android platforms.

Funding rounds
  • Jan 2022Seed$1.9M
  • Jan 2022ICO$2.5M
Founders & team
Ngo ThaiCo-Founder & CEO
Investors
X21 Digital, Infinity PAD, Red Hat, BlueWheels, Onebit Ventures, VeriChains
#10
Funding Raised · Ho Chi Minh City, Southeast · founded 2021
$2.4Mraised
▾

Developer of an eSports game with blockchain technology and NFTs. It allows players to form teams and earn rewards. It combines free-to-play and play-to-earn models, offering free heroes for casual play. Players can acquire NFTs to earn rewards and maximize profits. The game aims to create a stable economy with decentralized ownership of digital assets.

Funding rounds
  • Sep 2021ICO$2.4M
Founders & team
Hoang SoCo-FounderKhanh DinhCEO
Investors
K300 Ventures, GTA Ventures, CoinTV Ventures, Meta Seeds Ventures, Infinity Capital, S6k Labs
Tech stack
CloudflareCloudflare Bot ManagementCloudflare Browser InsightsCore-JsFacebook PixelGitbook
#11
Acqui-Hired · Ho Chi Minh City, Southeast · founded 2021 · 10 employees
$1Mraised
▾

Developer of PC and console-based NFT card games. The company's game is the decentralized NFT card game that aims to transform the way people play, participate and earn in card games.

Funding rounds
  • Oct 2021ICO$2.1M
  • Oct 2021Seed$1M
Founders & team
Dzung TranCo-Founder & CEONicole NguyenCo-Founder & CMO
Investors
Magnus Capital, Momentum 6, BoostX, Shima Capital, Ben Mo, Theblockbeats
#12
Seed · Ho Chi Minh City, Ho Chi Minh City · founded 2023
—raised
▾

Decentralized margin trading platform. It provides a combination of DEXes and lending protocols to offer margin trading experience.

Funding rounds
  • Jan 2024Seed—
Founders & team
Nguyen DuyFounder
Investors
Antler

Funding & investor landscape

$185.9Mtotal disclosed funding
11companies funded
16disclosed rounds
0rounds last 90 days
Most active investors
AU21 Capital4 rounds
Avstar3 rounds
X21 Digital3 rounds
Antler2 rounds
BD Ventures2 rounds
CoinTV Ventures2 rounds
Extrawatts2 rounds
K300 Ventures2 rounds
LD Capital2 rounds
NextZ Ventures2 rounds

Notable founders

Tuan Luong
Co-Founder & CEO · BSCS
Aleksander Leonard Larsen
Co-Founder and Chief Operating Officer · Axie Infinity
Trung Nguyen
Co-Founder & CEO · Axie Infinity
Nghia Nguyen
Co-Founder & CEO · AshSwap
Hieu Phan
Founder & Cto · AshSwap
Alan Yeap
CEO · Shibafriend
Nghia Do
CEO · Ark Rivals
Minh Nguyen
CEO · Orbitau
Paul Nguyen
Co-Founder · TankWars
Pete Ho
Co-Founder · TankWars
Thanh Le
Founder · Ninety Eight
Vinh Nguyen
Co-Founder & CEO · Ninety Eight
Prism market signals · Vietnam · country-scoped Prism corpus, 462,874 docs

Market landscape — 10 sub-themes by coverage

Share of Blockchain Technology coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Vietnam

How research on Blockchain is moving in Vietnam

A read on the academic research around Blockchain — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 239 Vietnam-affiliated papers.

research sentiment over time
202020232025
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 41% → 46% across 2020–2025.
top research entities
  • Vietnam National University Ho Chi Minh City32
  • Hanoi University of Science and Technology27
  • Duy Tan University26
  • FPT University17
  • RMIT Vietnam14
leading researchers
Dinh Thai Hoang · NULL AUTHOR_ID · Anand Nayyar · Ba-Lam Do · Hong Khanh Vo · Tran Viet Khoa · Do Hai Son · Hoang-Anh Pham
▲ Breakthroughs77 · 32%
▲ 0%→31% share
3 median citations90% since 2021mostly methods-led
Breakthroughs are rising (0%→31% of field), led by Computer security.
rising sub-themes (early→recent)
  • Computer security43
  • Transparency (behavior)9
  • Supply chain8
  • Scalability7
  • Database transaction7
Newly emergingComputer security 0→38 · Transparency (behavior) 0→9 · Supply chain 0→8
Landmark BHEEM: A Blockchain-Based Framework for Securing Electronic Health Records · 334 cites
◆ Advancements107 · 45%
▲ 0%→46% share
1 median citations96% since 2021mostly methods-led
Advancements are rising (0%→46% of field), led by Computer security.
rising sub-themes (early→recent)
  • Computer security55
  • Transparency (behavior)20
  • Smart contract14
  • Big data9
  • Accounting9
Newly emergingComputer security 0→52 · Transparency (behavior) 0→18 · Smart contract 0→12
Landmark Proof-of-Stake Consensus Mechanisms for Future Blockchain Networks: Fundamentals, Applications and Opportunities · 501 cites
▼ Concerns39 · 16%
▲ 0%→16% share
2 median citations92% since 2021mostly reviews
Concerns are rising (0%→16% of field), led by Transparency (behavior).
rising sub-themes (early→recent)
  • Transparency (behavior)1→6
Newly emergingComputer security 0→14 · Supply chain 0→8 · Supply chain management 0→5
Landmark Blockchain - A Financial Technology for Future Sustainable Development · 260 cites
RESEARCH HOTSPOTS · Vietnam

Where blockchain is researched across Vietnam

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Ho Chi Minh City66 · +0.47
Hot · Big dataAdvancing · AccountingOpportunity · Data scienceConcern · Supply chain
Hanoi47 · +0.70
Hot · Database transactionAdvancing · SolidityOpportunity · Distributed computing
Da Nang29 · +0.67
Hot · Computer networkAdvancing · Internet privacyOpportunity · Scalability
Thái Nguyên11 · +0.55
Hot · Wireless sensor networkAdvancing · Computer networkOpportunity · Computer security
Can Tho10 · +0.78
Hot · Smart contractAdvancing · Risk analysis (engineering)Opportunity · Scalability

Common questions

How many Blockchain Technology companies are there in Ho Chi Minh City, Vietnam?
Radar tracks 53 indexable Blockchain Technology companies headquartered in Ho Chi Minh City, Vietnam that meet our profile-completeness bar.
What is the total funding raised by Blockchain Technology companies in Ho Chi Minh City, Vietnam?
The Blockchain Technology companies in Ho Chi Minh City, Vietnam on this list have raised a combined $185.9M in disclosed equity funding across 11 funded companies.
Which is the highest-funded Blockchain Technology company in Ho Chi Minh City, Vietnam?
Axie Infinity is the highest-funded Blockchain Technology company in Ho Chi Minh City, Vietnam, with $161M in disclosed equity funding.
How many Blockchain Technology companies in Ho Chi Minh City, Vietnam are funded?
11 of the 53 Blockchain Technology companies in Ho Chi Minh City, Vietnam on this list have disclosed at least one equity funding round.
How many Blockchain Technology unicorns are there in Ho Chi Minh City, Vietnam?
1 Blockchain Technology company in Ho Chi Minh City, Vietnam on this list is valued at $1B or more.
Who are the top investors in Ho Chi Minh City, Vietnam Blockchain Technology companies?
The most active investors in Ho Chi Minh City, Vietnam Blockchain Technology companies on this list include AU21 Capital, Avstar, X21 Digital, Antler, BD Ventures.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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